With exports worth $453 billion and imports to the tune of $723 billion, India’s overall international trade reached $1.17 trillion, 21% above previous year’s $969 billion, official data show.
Keshap, president, US-India Business Council, tells ThePrint that closer economic ties between the ‘stable democracies’ can lessen Ukraine war’s impact on energy, commodity prices.
In an interview, Nisha Biswal, president of US-India Business Council (USIBC), said the countries need to set a more ambitious agenda for two-way trade at upcoming Trade Policy Forum.
India appreciates the US' support to its joint initiative with South Africa to seek a waiver of Intellectual Property Rights for Covid-19 vaccines at the WTO, Shringla said.
US says if restrictions aren’t checked, India can’t be integrated into global supply chains. China raises FDI issue, EU says Covid has amplified barriers.
The Commerce and Industry Minister further said that it is in the interest of India and the US to deepen their strategic partnership with the trade deal.
At a FICCI event, Indian Ambassador to US Taranjit Singh Sandhu says a ‘mini’ trade deal is needed to achieve full potential of trade and business ties between both the countries.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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